IronFX Review - Scam Or Legit? - Detailed Overview

IronFX is one of the leading Forex and CFD brokers, offering a diverse variety of trading instruments across Web and MetaTrader 4 platforms. IronFX operates under Notesco Limited, a Gibraltar-based company. The Gibraltar Financial Services Commission Authority (FSC) regulates the broker.

With top-notch services and operations, IronFX focuses on offering a high-speed and seamless trading environment to its clients. The research tool available on the platform will assist you in every step of the trading process.

Read this detailed IronFX Review to understand the broker better.

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Is IronFX Scam?

The first part of our IronFX review will focus entirely on the broker’s legality. Is IronFX Scam? Here’s an answer. Being regulated by the FCA (UK), ASIC (Australia) and CySEC (Cyprus), IronFX is a secure and legitimate broker with a trading license.

The broker follows all of the authority’s laws and regulations and is dedicated to providing a secure platform to its customers. Having been regulated by a top financial regulatory body, there’s nothing to be concerned about the broker.

Hence, it is a completely secure and reliable brokerage company to trade with without any IronFX scandal.

What are the advantages of Trading with IronFX?

There are several benefits of trading with IronFX. If you’re a beginner, the broker is quite a better place to start with.

Advantage of Trading with IronFX includes:

Offers CFD Trading on crypto, commodities, stocks, indices, and Forex
Access to over 350 derivatives trading instruments
Advanced and user-friendly Platforms
24/7 Customer Support
Offers Educational and Research Support
Offers Islamic and Demo account
High Leverage up to 1:500
Tight Spreads
Live ChatBot
Regulated by FCS

What are the accounts offered by IronFX?

In this IronFX review, it’s time to talk about the types of trading accounts offered by the broker. IronFX currently offers three different types of accounts: Silver, Gold, and Platinum, in addition to Islamic and Demo accounts.

Silver Account:

This account type is created especially for newcomers and traders who hesitate to enter the financial markets.

Features of Silver account:

Fifth decimal trading
Great Customer Support
Hedging Allowed
Hassle-free deposit and withdrawal process
Tight Spreads starting at 0.07 pips
Leverage up to 1:200

Gold Account:

After gaining enough experience, you can switch to a gold account. This account type is excellent for experienced traders with great tools and dedicated customer support.

Features of Gold Account:

Fifth decimal trading
Dedicated Customer Support
Hedging Allowed
VPS
Dedicated Account manager
Offers a range of Educational material such as Webinars and videos
Discount of 25% on swaps
Hassle-free deposit and withdrawal process
Tight Spreads begin at 0.05 pips
High Leverage up to 1:400

Platinum Account:

It is considered the most advanced trading account specially created for professional and high-volume traders. In addition, the account provides the highest level of security to all of its users.

Features of Platinum Account:

Fifth decimal trading
Dedicated Customer Support
Hedging Allowed
VPS
News Alerts
Dedicated Customer service
Access to educational content such as Webinars and articles.
Discount of 25% on swaps
Hassle-free Deposits and Withdrawals
Tight Spreads begin at 0.03 pips
High Leverage of up to 1:500

Islamic Account:

IronFX also provides Islamic accounts to cater to the demands of clients of the Muslim faith.

Features of Islamic Account:

No additional or hidden fees.
Leverage of up to 1:400
No time limitations to hold onto positions
Access to an advanced and user-friendly platform
There are no fees for an overnight position
Support from a dedicated team of professionals

How to Open a Trading Account on IronFX?

The account opening process on IronFX is completely hassle-free and digital. Here’s a step-by-step process that will assist you better.

Step 1: Click on the ‘Open Account’ button on the homepage.
Step 2: Now, fill out all the personal information, including name, email, and phone number.
Step 3: Upload a copy of a government-issued identity card to verify your account.
Step 4: After account verification, now choose your preferred trading platform.
Step 5: Make a deposit and start trading the live markets.

What are the types of trading platforms available on IronFX?

IronFX offers two primary trading platforms to traders: MetaTrader 4 and WebTrader. Apart from this, the broker also offers a mobile application.

MetaTrader 4:

MT4 is considered one of the most advanced and user-friendly platforms available for traders. The other features of the MT4 platform include:

Over 350 different CFD assets
One-click trading
9 different time frames
Support in several languages
Investors get access to more than 60 analytical tools
Interactive chart tools

WebTrader:

Webtrader is one of the most straightforward platforms. Moreover, it is very convenient for users as they can access it from any device and at any time.

User-friendly interface
More than 60 analytical instruments are available
CFD trading on over 350 assets
Support in several languages
Functions of stop-loss and take-profit

Mobile Application:

The mobile application of IronFX offers all of the same features as WebTrader and MetaTrader4. Other features of the platform are as follow:

User-friendly Interface
Excellent educational support
Islamic Account
Available in 11 different languages
Offers Demo account
High speed allows for quick market movements.
Cross-platform trading
Trading with a single click

Conclusion

Here’s what we found in our detailed IronFX Review. Founded in 2021, IronFX is emerging as a leading Forex broker in a short span of time. In addition, the broker offers a diverse choice of trading products with up to 1:500 Leverage. All these features make IronFX a good broker for beginners and professional traders.